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Stock Market & Financial Investment News

News Breaks
January 7, 2014
08:15 EDTSBUXStarbucks sues N.J. firm over ham sandwiches, USA Today reports
Starbucks wants a Harrison, N.J., firm to pay about $5M in a legal dispute over the quality of ham sandwiches, reports USA Today. The company is suing Wellshire Farms and a Maryland business, Hahn Bros. Starbucks contends Wellshire was supposed to provide Black Forest ham for sandwiches but instead supplied an inferior product from the Maryland firm. Wellshire rejects the claims.Reference Link
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November 20, 2014
11:58 EDTSBUXKeurig Green Mountain sinks after Q1 outlook disappoints, CFO reports departure
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November 14, 2014
06:16 EDTSBUXEU says Starbucks tax deal in Netherlands may be illegal state aid, WSJ says
The European Union said the tax deal struck by Starbucks (SBUX) in the Netherlands amounts to illegal state aid, reports the Wall Street Journal. European Commission regulators said it reached a preliminary view that the tax deal violated guidelines produced by the Organization for Economic Cooperation and Development. It said the tax deal "tolerates questionable adjustments which allow Starbucks Manufacturing BV to lower the resulting corporate income tax basis in the Netherlands." The EU is also investigating tax arrangements of Apple (AAPL) in Ireland and Amazon (AMZN) and Fiat S.p.A. (FIATY) in Luxembourg. Reference Link

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